1082 Bay Street: condo townhouse for sale

$2,820,000

2 bedrooms, 3 bathrooms, Condo Townhouse · Bay Street Corridor · near Bay St/Bloor St. W

About this condo townhouse

1082 Bay Street is a 2 bedroom condo townhouse in TRREB's Bay Street Corridor community in Toronto, listed for sale at $2,820,000. The listing shows 3 bathrooms and 2500-2749 square feet. The style is given as 3-storey. The listing gives the basement as finished. The unit faces east west. It comes with 2 parking spaces, an underground garage and a locker (ensuite) according to the listing. The nearest main intersection given is Bay St/Bloor St. W. The age is listed as 6-10 years.

These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.

Building amenities on the listing: bbqs allowed, concierge, exercise room, party room/meeting room and elevator.

What it costs to buy 1082 Bay Street

At the asking price of $2,820,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.

The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.

What it costs to own each month

The listing says the maintenance fee includes common elements, parking, building insurance and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.

How the asking price compares

TRREB recorded 120 condo townhouse sales in the City of Toronto in August 2026, at a median price of $661,650 and an average of $712,296. This home is listed at $2,820,000, which is $2,158,350 above that median.

The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.

What to check before you make an offer

1. Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
2. Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
3. Confirm the parking and locker. The listing shows 2 parking spaces and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
4. Check the reserve fund study. Ask when the last study was done and what it says about contributions.
5. Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
6. See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.

Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.